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Jabal Omar Development Company announces the deposit of the proceeds of the fractional shares resulting from the capital increase of the Company by way of debt conversion in the accounts of the eligible shareholders

Element ListExplanation
Action Type Increase
Introduction With reference to the announcement of Jabal Omar Development Company (the “Company”) on the Saudi Stock Exchange’s (Tadawul) website on 05/02/1444H (corresponding to 01/09/2022G) in relation to the completion of the Transaction and the listing of the New Shares that have been issued with respect to the Transaction to the eligible unitholders of Alinma Makkah Real Estate Fund, the Company would like to announce that it has completed the sale of the fractional shares resulting from the increase of the share capital of the Company and the completion of the Transaction (the “Fractional Shares”) and it has deposited the net cash proceeds of such sale in the accounts of the eligible unitholders of Alinma Makkah Real Estate Fund (as the eligible shareholders).
Fractional Shares Selling End Date 2022-09-13 Corresponding to 1444-02-17
Number of Sold Shares 1628
Fractional Shares Sales Revenue 36,304.40
Average Selling Price per share 22.30
Date of Depositing Fractional Shares Sales Revenue in the Bank Accounts of Eligible Investors 2022-09-29 Corresponding to 1444-03-03
Name of /Method of Contacting the Entity in Charge of Distributing the Fractional Shares Sales Revenue The proceeds of the Fractional Shares sale were distributed by Alinma Investment Company, which shall be deposited in the bank accounts associated with the eligible unitholders’ investment accounts. For any inquiries, please call shareholders relation department at 0125478888 Ex: 3201 or Email: share-holder@jodc.com.sa

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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